Frontier Communications 2011 Annual Report Download - page 99

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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
F-36
The amounts in accumulated other comprehensive income that have not yet been recognized as components of net
periodic benefit cost at December 31, 2011 and 2010 are as follows:
($ in thousands)
2011 2010 2011 2010
Net actuarial loss 574,998$ 349,298$ 82,841$ 64,598$
Prior service cost/(credit) 165 (34) (41,030) (51,229)
Total 575,163$ 349,264$ 41,811$ 13,369$
Pension Plan OPEB
The amounts recognized as a component of accumulated comprehensive income for the years ended December 31,
2011 and 2010 are as follows:
($ in thousands) 2011 2010 2011 2010
Accumulated other comprehensive income at
beginning of year 349,264$ 374,157$ 13,369$ 21,554$
Net actuarial gain (loss) recognized during year (15,364) (27,393) (4,424) (4,919)
Prior service (cost)/credit recognized during year 199 199 10,198 8,158
Net actuarial loss (gain) occurring during year 241,064 2,301 22,668 16,506
Prior service cost (credit) occurring during year - - - (27,930)
Net amount recognized in comprehensive income
for the year 225,899 (24,893) 28,442 (8,185)
Accumulated other comprehensive income at end
of year 575,163$ 349,264$ 41,811$ 13,369$
Pension Plan OPEB
401(k) Savings Plans
We sponsor employee retirement savings plans under section 401(k) of the Internal Revenue Code. The plans cover
substantially all full-time employees. Under certain plans, we provide matching contributions. Employer contributions
were $22.2 million, $14.9 million and $4.4 million for 2011, 2010 and 2009, respectively. The amounts for 2011 and
2010 include employer contributions of $15.9 million and $10.6 million for certain former employees of the Acquired
Business under three separate plans.
(18) Fair Value of Financial Instruments:
Fair value is defined under U.S. GAAP as the exit price associated with the sale of an asset or transfer of a liability in
an orderly transaction between market participants at the measurement date. Valuation techniques used to measure fair
value under U.S. GAAP must maximize the use of observable inputs and minimize the use of unobservable inputs. In
addition, U.S. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair
value.